Message from @ophiuchus

Discord ID: 503795440836149250

fgtveassassin
2018-10-22 04:58:06 UTC  

That's too big brained for me right now

Zilna Jestov
2018-10-22 04:58:35 UTC  

I was thinking vapor rubs.

ThisIsChris
2018-10-22 04:59:20 UTC  

Yeah for people who don't like thinking about investing it's enough to put all your money in a broad based market index fund and never think about it for a long time. That's a common suggestion from guys like Warren Buffet anyway

ThisIsChris
2018-10-22 04:59:40 UTC  

I don't follow that advice, for better or worse

Jacob
2018-10-22 04:59:47 UTC  

I remember I bought VIX when I was 18 and dumb because I KNEW the stock market was about to crash

ophiuchus
2018-10-22 04:59:55 UTC  

Owning a VIX ETF is a good hedge since it’s got like an -0.8 correlation with SPY

ophiuchus
2018-10-22 05:00:01 UTC  

Notice I said hedge

ophiuchus
2018-10-22 05:00:23 UTC  

This is for diminishing risk, if the market is doing well, as it has been, it’s going to lose money

ophiuchus
2018-10-22 05:00:36 UTC  

Expect it in the long haul to lose money

Jacob
2018-10-22 05:00:57 UTC  

Is there a way I can find top secret information on when the Jews are going to crash the market?

ThisIsChris
2018-10-22 05:01:04 UTC  

Yeah if you want to "hedge" spy isn't it usually just better to hold less of it? for normal retail investors?

ophiuchus
2018-10-22 05:01:14 UTC  

Yeah the fed open market committee meets pretty regularly

Jacob
2018-10-22 05:01:54 UTC  

IE should all buy vix and find a way to crash the market

ophiuchus
2018-10-22 05:01:59 UTC  

@ThisIsChris for sure. I’m an alternatives analyst at my school’s investment fund, so a lot of what I do is mitigating risk and hedging

ThisIsChris
2018-10-22 05:02:16 UTC  

@ophiuchus that's really cool

ophiuchus
2018-10-22 05:02:19 UTC  

IE should have its own value investment fund

Jacob
2018-10-22 05:02:22 UTC  

surely 800 of us can do it?

Deleted User
2018-10-22 05:02:30 UTC  

IE having the ability to crash the market... oy vey

Jacob
2018-10-22 05:02:37 UTC  

There's a MAGA ETF

ThisIsChris
2018-10-22 05:02:39 UTC  

@ophiuchus do you know about weather derivatives? I was looking into it for a long time but I don't think retail people can trade them

ophiuchus
2018-10-22 05:03:13 UTC  

I know what they are but I have very little (none) experience with them

ophiuchus
2018-10-22 05:03:51 UTC  

As part of our IPS, we’re only allowed to long things as well. Which is frustrating.

ThisIsChris
2018-10-22 05:04:06 UTC  

What's an IPS?

ophiuchus
2018-10-22 05:04:12 UTC  

Investor policy statement

VinceChaos
2018-10-22 05:04:24 UTC  

@Jacob Yeah I made money off it!

ThisIsChris
2018-10-22 05:04:29 UTC  

@ophiuchus can you long inverse ETFs?

ophiuchus
2018-10-22 05:04:35 UTC  

Yes

VinceChaos
2018-10-22 05:04:36 UTC  

It was nice for awhile

ophiuchus
2018-10-22 05:04:38 UTC  

And do

ThisIsChris
2018-10-22 05:04:51 UTC  

Can you long puts?

Jacob
2018-10-22 05:04:57 UTC  

@VinceChaos I made money investing in private prisons lmao

ophiuchus
2018-10-22 05:04:59 UTC  

Yeah options are fine

Jacob
2018-10-22 05:05:07 UTC  

literally a company that helps with deportations

ophiuchus
2018-10-22 05:05:09 UTC  

Only long calls and puts tho

ThisIsChris
2018-10-22 05:05:32 UTC  

@ophiuchus no spreads?

ophiuchus
2018-10-22 05:05:34 UTC  

Also, retardedly, only European options

ThisIsChris
2018-10-22 05:05:55 UTC  

what European options are out there besides SPX?

ThisIsChris
2018-10-22 05:06:08 UTC  

also yeah that is a bizarre restriction